U.S. Govt. Denies Loan Guarantee For Ohio Plant
Published: July 28, 2009
Updated: July 28, 2009
CINCINNATI—Federal officials say they won’t guarantee a loan for an energy company that had been developing a uranium enrichment plant project in southern Ohio, but they are promising to create up to 1,000 jobs for cleanup at the site.
Energy Department officials said Tuesday that the department asked USEC Inc. Monday night to withdraw its loan application so it could be resubmitted later.
DOE officials say the American Centrifuge project in Piketon does not currently meet statutory and regulatory requirements.
USEC Inc. CEO John Welch says the Bethesda, Md.-based company was shocked and disappointed.
The government says it will invest $150 million to $200 million per year over the next four years to boost cleanup of cold-war era contamination at the site.
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The stimulous plan at it’s best. When it could be used to create jobs - they say “no”. Yet, they will use our dollars on crappy “pork” that will do nothing for Americans. This has to be the most corrupt administration we have ever had. Promises were made that will never happen unless you are from a certain state. Chicago politics at it’s best. Obama is finally showing his true colors, and just maybe Americans will hold him accountable for HIS decisions.
OBAMANOMICS.
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